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Poverty Bay Herald, Volume LX, Issue 18235, 2 November 1933, Page 2

COMMERCIAL

REDUCED SUPPLIES OF WOOL REALISATION BY MILLMEN ■ -..-. - i SYDNEY,. Oct v . 25. Messrs. Winchcombe, Carson, Limited,report: “Stronger competition and a regain in values- for wool at Australian sales are confirmed by cable reports of brighter trading conditions .abroad. Gradually, milkmen overseas are realising that the . decrease in supplies of merino .wools this year will bo an appreciable influence on prices throughout the season, and • will compel them to bid withi consistent keenness at the, sales in order, to secure necessary supplies. “Prices for average 64’s merino tops in Bradford have advanced J>d per lb, the, quotation for them being 33|d, compared with 34d at the top point of September, and-. 22jd at this time last year. Bates for tops,.have not been on present.levyls- .in English currency..since the first half of the 1929-30 season. Business in tho. woollen textile industry in Great Britain has shown a more sustained revival during the. past 12 months than in any other, quarter-ex-cepting, perhaps, Japan. The, Bradford top market has regained its importance ias a wool trade barometer. For a period in post-war times, - Franco was in thoascendant as-an influential factor. The experience-was noticeable of business in Bradford being- quiet* and a strong wool market chiefly owing to actiyity op French account,. France is . still , a very important-irifluen<pv hut the work!.-as. a whole keeps: its eye on Bradford prices as a..market indication.! • . “Nows from- the United .States continues to point to larger quantities of the Australian-staple .being required for 'that quarter this season. A substantial rise has been recorded in prices for American-grown wools since the New Year. Greasy ‘Territory’ fleece rvools .selling at an average of *lB cents in. the 'States during the, first three, months of 1933 were quoted at 34, cents on September 1,, an advance, of nearly 90 per cent. That is a greater rise than has been experienced elsewhere, but the market was exceedingly depressed in tho States.,. The advance, however, shows that lack of supplies has forced prices in that country, and is likely to encourage purchasing for America at the Commonwealth auctions. ’ ’ MELBOURNE WOOL SALES (Received Nov. 2, 11a.m.) MELBOURNE, Noy. 2. l ; At the w r ool sales, competition was ‘again very keen, with all the best features of. the preceding two days much in. evidence. Prices in most cases .favored sellers. MINING NEWS Results of companies’ operations last week are reported-as follows-; ■ Mataki. Gold .Dredging (Murchison). — Last week’s return, 260 z. The dredge had > good run with the exception of a.few ‘minor stoppages. The wash continues to be very changeable, with good patches in part,s. ' "I J Brian Born (near Greymouth, West Coast). —530 z. lffdwt. for 102 hours’ [dredging. BUTTER DECLINES FURTHER Tho market for New Zealand butter . is., we.akng again this week, and accord- ; ; ing to Auckland;advice finest is down to' 89s per cwt., with first grade at 86s. j The New Zealand J/>aq and Mercantile i Agency Company havq,gecpivecl the following advice from London- dated November 1: “Butter, finest. 88s to 90s, first grade 83s to 84s; the market is steadier. Cheese, white 475, colored 465; the market- is firin.”FINAL PIG BONUS The final bonus payment on the 80,000 pigs supplied to the New Zealand Cooperative Marketing Association,. Limited, during the 1932-33 season, was distributed at Hamilton on ,Tuesday. The amount paid- out totalled j £12,000 and brought the bonuses distributed to date to equal to nearly 8s per ]>tig. During the spring months tho association received 160,000 “bobby” calves, a record number for the Auckland prowince.

Tim final shipment of? «ggs for export this season was made by the' Raugitihi, which. left Lyttelton on Monday, The shipment consists of approximately. 45,000. -down, bringing the total, export from Canterbury this season to 140,000 dozen, compared with 48,000 dozen last senjson. As a result, of the export triple this season it .has been possible to stabilise the Canterbury price at somewhere near the cost of production.